Aurora Cannabis Inc.’s $345 million Convertible Bond Offering


Paul, Weiss represented the initial purchasers of the offering

Aurora Cannabis Inc. closed its offering of $345 million aggregate principal amount of 5.5% convertible senior notes due 2024. Paul, Weiss represented the initial purchasers of the offering, led by BMO Capital Markets Corp. and Cowen and Company LLC.

The notes were offered and sold pursuant to Rule 144A and Regulation S. Aurora is one of the world’s largest cannabis producers, operating in 22 countries. Aurora intends to use the net proceeds of the offering to support its expansion initiatives, for future acquisitions and for general corporate purposes, including working capital requirements.

The Paul, Weiss team included corporate partners Christopher Cummings (Picture) and Adam Givertz and counsel Christian Kurtz; and tax partner David Mayo.

Involved fees earner: Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Adam Givertz – Paul Weiss Rifkind Wharton & Garrison; Christian Kurtz – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: BMO Capital Markets; Cowen and Company;

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Author: Ambrogio Visconti